Cobra Technologies, Inc. Subsidiary Receives Delivery Order From Northrop Grumman.BOCA RATON, Fla.--(BUSINESS WIRE)--Sept. 16, 1999-- Cobra Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CBRA CBRA California Biomedical Research Association CBRA Coastal Barrier Resources Act of 1982 (US) CBRA Canadian Book Review Annual CBRA Canadian Biosphere Reserves Association CBRA Canadian Broadcasters Rights Agency ) announced that Logicon Eagle Technology, a Northrop Grumman Company (NYSE NYSE See: New York Stock Exchange :NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, ), has awarded pinneast.com, a wholly-owned subsidiary of Cobra Technologies, Inc., a delivery order for developing U.S. Army training in digital formats. The delivery order, awarded under the Army's pre-competed Multimedia Contract, is part of a multi-million dollar effort to produce new training courses for the Army by exploiting information technology. Logicon is the prime contractor. Under the agreement Pinneast is providing over 460 hours of courseware in new digital and paper formats to the U.S. Army Soldier Support Institute's Finance School. As a Logicon team member, Pinneast is also providing web-based courseware and other training products to the Army and Department of Defense. Logicon is an international company with more than 10,000 employees, 150 locations and annual sales exceeding $1 Billion. It is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Northrop Grumman Corporation, one of the world's leading aerospace corporations. Logicon's business is focused on advanced technology and Information systems & Services. About Pinneast.com Pinneast.com, based in West Columbia, SC, is a wholly-owned subsidiary of Cobra Technologies, Inc. Pinneast.com is a leading developer of Web based training, servicing a diversified base of industries with clients including Delta Airlines (NYSE:DAL), Nations Bank, Pillowtext (NYSE:PTX PTX Pneumothorax PTX Pituitary Homeobox PTX Private Trading Exchange PTX Practical Training Exercise PTX Preliminary Training Exercise ), Volvo (Nasdaq:VOLVY), Dow Chemical (NYSE:DOW), and Warner Lambert (NYSE:WLA). About Cobra Cobra's mission is to build shareholder value through the acquisition of private IT service companies focused on network systems integration, engineering and solutions and to assist and support client companies to effectively utilize, manage and thereby achieve maximum benefit and advantage from their IT capital investments. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in filings with the Securities and Exchange Commission. |
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